TPC(SZ:002134) Zheng Quan Zhi Xing·2025-08-26 13:23Core Points - The announcement details the achievement of the first exercise conditions for the 2024 stock option incentive plan of Tianjin Printronics Circuit Co., Ltd, allowing 10 designated individuals to exercise a total of 1.968272 million stock options at a price of 8.98 yuan per share [1][3][9] Summary by Sections Stock Option Incentive Plan - The stock option incentive plan involves 10 recipients with a total of 1.968272 million stock options available for exercise [1][5] - The exercise price is set at 8.98 yuan per share [1][3] Approval Process - The plan underwent necessary approval procedures, including discussions and approvals at the board and supervisory committee meetings [2][4] - The plan was publicly disclosed, and no objections were raised during the public comment period [2] Conditions for Exercise - The first exercise period is defined as the period from 12 months after the grant date until 24 months after the grant date, with a 50% exercise ratio of the total granted options [4] - The company must meet specific performance criteria, including a revenue growth rate of at least 30% for 2023 and 2024, with 2024 revenue projected at 1.128 billion yuan [4][6] Performance Assessment - Out of the 10 recipients, 6 did not meet the required performance levels, resulting in the cancellation of 26,328 stock options [6][9] - The board and supervisory committee confirmed that the exercise conditions for the first period have been met [9][10] Financial Implications - The exercise of stock options is expected to have a minimal impact on the company's earnings per share and return on equity [7] - The funds raised from the exercise will be used to supplement the company's working capital [7] Legal and Compliance - The legal opinions confirm that the stock option incentive plan complies with relevant regulations and is valid [10]